• BREAKING: U.S. EIA reported a 1 Bcf withdrawal for the week ending Nov. 27, coming in more than 10 Bcf below consensus
  • Weak cash, warming weather outlook crush natural gas futures
  • LNG demand still high, but so is production
  • Cash prices start to retreat in previously strong East Coast markets

Natural gas futures slipped a little, and then a lot, midweek as the generally warm outlook through the middle of December remained intact. The January Nymex contract settled Wednesday at $2.780, down 10.0 cents from Tuesday’s close. February fell 9.0 cents to $2.778.

EIA storage nov 27

Spot gas prices were mixed Wednesday, with some cold lingering in parts of the country. NGI’s Spot Gas National Avg. was down 4.5 cents to $2.705.

After one of the warmest Novembers on record, December got off to a...